Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => NEM Forum => Topic started by: ZionRTZ on January 09, 2019, 02:16:15 PM
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Hi all,
Happy new year and we hope you enjoyed the festive period with those who are important to you, and maybe even had chance for a rest!
Update on the backlog primarily:
We have just sent out communications to several projects in the initial NCF backlog that have not responded or have only partially responded to initial review questions, these were sent out several weeks ago now and a deadline has been set of 11th January for responses to come back. Any proposals not responding by that time will be removed from the backlog to allow us to focus on those opportunities that are engaging.
At this stage there are 17 proposals in the backlog from the original 24 (7 dropped our or didn’t respond to initial engagements). We have received full responses from 12 of those 17 so far. There are several promising opportunities that we will expand on as details are assessed and negotiated wherever we can, naturally this is likely to be after a deal has been signed and announced in conjunction with the startups management teams.
Now that incorporation is largely complete, some paperwork and banking tidy ongoing in parallel; we intend to review these responses in the next two weeks and to try and give some certainty to all backlog proposals by the end of January.
In other news:
At this stage, we expect to open for new proposals by the end of January but it is still dependent on clearing the backlog proposals and we will update with a confirmed date to reopen the pipeline as soon as we can.
We have been approached by a few companies/VCs for either co-investment opportunities or additional fund launches. We are assessing how best to work on these opportunities and will have a more concrete plan as we get into normal operations. Some of the initial investments may be large enough for co-investment options and we will be in touch with those parties directly in due course if they are. Thanks to the various members of the community who have made these introductions.
You can expect to see some of the additional information on how decisions have been reached, jurisdictions etc etc in the coming days now we are all back from the festive break.
SOURCE: https://forum.nem.io/t/nem-ventures-next-steps/19396/28
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17 Proposals for NEM updates?
Very impressive and I like that, hopefully the 27 proposals have a positive effect on NEM and give a good effect for the increase in NEM prices.
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17 Proposals for NEM updates?
Very impressive and I like that, hopefully the 27 proposals have a positive effect on NEM and give a good effect for the increase in NEM prices.
But despite having 17 proposals to be submitted to investors or related parties who are ready to support NEM if the NEM project fails again, there is no hope for NEM.
I am sure that NEM is currently really being tested for its finances, whether it will be able to survive in the future or not at all.
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Thanks ChrisR. I was thinking you were meaning the FAQ at the top of the page, but searched on FAQ, and your suggestion was found. There is so much information at this forum it is a bit overwhelming.
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great to hear from you. Sent you a private email. Ive been so tied up with work I havent seen any of the old gang all summer. Talk soon.
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It took time to create this to happen because there were a lot of 17 proposals.
We may hope that with the aim of making this proposal, it will raise the prestige again for NEM coins and be in the top 10 of Coinmarketcap again.
But I am sure with these 17 proposals there must be another gap as an abortion of one proposal and surely not all of the 17 proposals will be realized.
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thats great to see detail is good this will good.